Category: Service Charges

Categories
Financial ILA Information Islington Leaseholders Major Works Service Charges

LVT refuse Islington council appeal against poor works and overcharging decision – Tremlett Grove vs LBI

The LVT recently confirmed that it considers Islington council Major Works charges were not reasonably incurred, and that one roof had been replaced & charged for without any clear evidence of inspection by the council, and that leaseholders were entitled to expect that blocks were inspected before substantial costs were incurred.

The LVT upheld it original decision of Merryweather & Brennand court vs LBI 29.3.12

The leaseholders concerned saved 10’s of thousands of pounds off their bills.

The council may still appeal again, but the real questions are why is the council wasting taxpayers money in making appeals rather than investigating its contractor(s) and staff responsible for the issues pointed out by the LVT ? and Is the Council going to obtain a full refund for the overcharging from its contractors so all tenants affected can benefit from the LVT decision , or are LBI to pass the cost back onto tenants and leaseholders in increased service charges in future bills ?

You can read the refusal statement LVT Refusal statement 26 April 2012

The LVT upheld it original decision of  Merryweather & Brennand court vs LBI 29.3.12 see below post LVT – Merryweather & Brennand court vs LBI 29.3.12

Categories
ILA Information Islington Leaseholders Major Works Service Charges

Islington Local press letters on Tremlett Grove vs LBI LVT & LBI waste April 2012

Islington Local press letters on Tremlett Grove vs LBI LVT & LBI waste April 2012
in “campaign” section of site here

 
 

Categories
ILA Information Islington Leaseholders Major Works Newsletter Partners PFI Service Charges

ILA spring 2012 Newsletter Download

You can download a pdf of the ILA spring 2012 newsletter here ILA newsletter Spring 12 Final

Categories
Financial ILA Information Islington Leaseholders Listed Buildings Major Works Service Charges

Leaseholders get massive bill reduction at LVT for extremely poor major works, and massive overcharging.

One of the most important Leasehold Valuation Tribunal LVT decisions to date, from an Islington leaseholder’s perspective, was announced last week, (Merryweather court and Brennand court vs the mayor & burgess of Islington 29.3.12).

Please see the downloadable LVT decision pdf for details on the bill reductions, and to see how Islington leaseholders supported their claims before the LVT, plus the degree of detail they provide in evidence of shoddy workmanship, overcharging and gross mismanagement.   LVT – Merryweather & Brennand court vs LBI 29.3.12

Examples of the council overcharging identified by the LVT include roof works charges of £208,661 which were reduced to  £50,000, i.e. £25,000 per block. and asbestos removal charges of £157,371 that the Tribunal reduced to reasonable expenditure of £15,737.

This is one example, where the Council has authorised expenditure without satisfying itself that the expenditure is really necessary, and it demonstrates what can be achieved when leaseholders have the courage to challenge the bills they are sent, and demand that council officers ,  councillors and their contractors  are made accountable for their actions.”

Since the ILA can only supply ‘useful information’ on our web site, and not “advice”, as always, we suggest that you should obtain ‘professional independent legal advice’ before considering issuing such a challenge.

The Islington Gazette  has reported that millions of pounds of public money could have been wasted.

The ILA has already lobbied Islington Council, and, both the leader of the council, and the chair of housing, in regard to applying the reductions obtained by Merryweather/Brennard Courts leaseholders to all leaseholders in the same contract, and insisted that the council also reclaim, on behalf of the public purse, all monies related to tenanted properties in the same contract.   LVT – Merryweather & Brennand court vs LBI 29.3.12

 

Please feel free to pass on to other leaseholders you think may be interested

 

Late News:  The ILA  understand that LBI intends to appeal the decision.

 

Categories
Financial ILA Information Islington Lands Tribunal LBI Leaseholders Major Works Service Charges

Leaseholders’ massive victory over repair costs at Tremlett Grove estate opens door for more challenges

Published: 13 April, 2012  by PETER GRUNER  IN an historic decision, a tribunal has cut repair bills for seven Archway leaseholders by a massive 60 per cent because much of the £2million remedial work on their estate was unnecessary.
Categories
Financial ILA Information Islington Leaseholders Service Charges

Leasehold Insurance Policy Powerpoint Presentation & check your premium 04.12

Enclosed is the London Borough of Islington/Homes for Islington Leasehold Insurance Policy Powerpoint Presentation made by LBI brokers JLT last night to the ILA meeting. Thanks to JLT and LBI for answering questions. Insurance PPS presentation to ILA by HFI LBI JLT – 04.2012

 

Leaseholder may find it instructive to confirm their insurance premium is being correctly calculated by multiplying the “rebuild value” of their property by the current premium rate used of 0.1249% to obtain your annual insurance premium cost. eg £200K rebuild cost X current premium rate 0.1249%.= £249.80 You can obtain the “rebuild value” of your property from your relevant managing agent e.g. Council , HFI or Partners.

Categories
Financial Information Leaseholders Service Charges

BCIS warns insurers about underinsuring flats

13 February 2012 |By insurancetimes.co.uk Newsdesk 
Policyholders could be exposed to “significant financial loss”

The Building Cost Information Service (BCIS) has warned insurers that buildings insurance arranged for individual flats carries a significant risk of underinsurance.
Buildings insurance is commonly taken out on the whole block by the freeholder of the property and the premium split between the various leaseholders.

“In a total loss situation, policyholders may receive a payout far short of the market value of their flat but they would still need to continue to pay their mortgage.”
OCASO etc are our guests at the forthcoming April ILA meeting.
Categories
Financial ILA Islington Leaseholders Major Works PFI Service Charges

Leaseholder fact of the week

 Since the start of the PFI 2 contract 926 Final accounts have been issued to leaseholders as part of the Major Works program. Of these 326 have been challenged, about 35%, with an average charge of nearly £7,000 and a total charge of £1.4m. 285 of these challenges have been resolved.
Of these resolved cases 207 have received some form of adjustment to their account, with the majority of these being adjustments of less than £1000 (120 cases).
Categories
Financial ILA Information Leaseholders Meetings Service Charges

OCASA Building Insurance – comments on the queries from ILA meeting

BUILDING INSURANCE QUERIES _ILA MEETING_11Jan12 and response from JLTAlison Goodwin from JLT [Jardine Lloyd Thompson Public Sector Risks] who admin OCASA Building Insurance have sent us comments on the queries submitted for the January ILA meeting. The ILA queries and her comments are in the attached document.